How to Navigate the Dreaded Salary Expectations Question in Your Next Interview
You’re in the middle of an interview, trying to showcase your skills and experience, when the interviewer drops the bombshell question: “What are your salary expectations?” Your palms start to sweat, and you’re unsure how to respond without jeopardising your chances of landing the job. Sound familiar? Don’t worry; we’ve got you covered with these practical tips to help you navigate this tricky question with confidence and clarity.
The Importance of Discussing Salary Expectations when it comes to discussing salary expectations, honesty is the best policy. However, it’s equally crucial to be aware of the role you’re applying for and the typical compensation range for similar positions. By effectively addressing this question, you demonstrate your market knowledge, self-worth, and professionalism to potential employers.
How to Answer the Salary Expectations Question
- Provide a Salary Range Before your interview, conduct thorough research to determine a fair salary range for the position. Utilize resources such as LinkedIn, Indeed, and recruitment sites, or consult with colleagues in similar fields. Once you’ve established a range you’re comfortable with, confidently state it during the interview, providing reasons for your determination and showcasing your flexibility.
Example answer: “Based on my research, experience, and the role’s responsibilities, I would expect a salary in the range of £X to £Y. I’m open to discussing the details and learning about the other benefits you offer. I’m confident in my ability to be a valuable asset to the team and look forward to discussing growth opportunities within the company.”
- Reverse the question – instead of directly answering the question, consider asking the interviewer about their hiring budget. If they share this information, you can then inquire about potential room for negotiation should they offer you the role.
- Leave room for negotiation – remember, you don’t need to finalize your minimum salary expectation during the interview. Answer the question in a way that allows for further discussion, such as: “I’m looking for a salary between £30,000 and £34,000, but I’m open to further negotiation based on the employee benefits and bonuses offered.”
Why Employers Ask About Salary
Employers ask about salary expectations for various reasons, including gauging your experience level, ensuring alignment with their budget, and assessing your self-awareness and market knowledge.
Top Tips for Salary Negotiation
Do:
- Explain your reasoning by linking your skills, knowledge, and experience to the role’s requirements.
- Be confident in your answer and clearly articulate your expectations.
Avoid:
- Arriving unprepared without researching the role, company, and industry.
- Providing an exact number, as it limits your negotiation potential.
- Going too high or too low, which may lead to being priced out of the position or undervaluing yourself.
Conclusion:
Navigating salary expectations can be challenging, but with proper preparation and confidence, you can successfully communicate your worth to potential employers. By following these tips and showcasing your value, you’ll be well on your way to securing a fair compensation package in your next role.
At Perigon Search, we’re committed to helping you succeed in your job search. Contact our expert recruiters today to discuss your career goals and learn how we can support you in finding your dream job.
